from the weekly chart, we can see some solid consolidation signs at the moment. A look at the daily chart might suggest strong resistance at the support turned resistance area at 1.3850/00 area. if price finds sellers at this area, a shorting opportunity might arise aiming the low at 1.3450. News from today sees Germany and France agree to buy debts from Greece, so with the current technical outlook, we might expect some buying/short covering price action in EU next week.
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